Fresh Del Monte Produce, Inc. (FDP) VP Mohammed Abbas Sells 4,366 Shares of Stock
Fresh Del Monte Produce, Inc. (NYSE:FDP) VP Mohammed Abbas sold 4,366 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $47.38, for a total value of $206,861.08. Following the completion of the sale, the vice president now directly owns 4,366 shares of the company’s stock, valued at $206,861.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Fresh Del Monte Produce, Inc. (FDP) traded up 0.70% during mid-day trading on Friday, hitting $47.32. The stock had a trading volume of 136,146 shares. The firm has a market capitalization of $2.37 billion, a PE ratio of 15.05 and a beta of 0.42. Fresh Del Monte Produce, Inc. has a 1-year low of $46.09 and a 1-year high of $66.86. The stock’s 50-day moving average is $49.23 and its 200-day moving average is $53.76.
Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $1.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.55 by $0.15. The company had revenue of $1.15 billion during the quarter. Fresh Del Monte Produce had a return on equity of 10.23% and a net margin of 3.99%. Fresh Del Monte Produce’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.75 earnings per share. Equities analysts expect that Fresh Del Monte Produce, Inc. will post $3.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 16th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Monday, August 14th. Fresh Del Monte Produce’s dividend payout ratio is currently 18.93%.
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Several institutional investors have recently bought and sold shares of FDP. BlackRock Inc. raised its position in Fresh Del Monte Produce by 1,147.2% in the first quarter. BlackRock Inc. now owns 2,383,366 shares of the company’s stock worth $141,167,000 after buying an additional 2,192,263 shares in the last quarter. Icon Advisers Inc. Co. bought a new position in Fresh Del Monte Produce during the first quarter worth approximately $320,000. Renaissance Technologies LLC raised its position in shares of Fresh Del Monte Produce by 5.9% in the first quarter. Renaissance Technologies LLC now owns 629,400 shares of the company’s stock valued at $37,279,000 after buying an additional 34,900 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Fresh Del Monte Produce during the first quarter valued at about $399,000. Finally, Wells Fargo & Company MN raised its position in shares of Fresh Del Monte Produce by 6.5% in the first quarter. Wells Fargo & Company MN now owns 112,727 shares of the company’s stock valued at $6,677,000 after buying an additional 6,891 shares during the period. 66.81% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research raised Fresh Del Monte Produce from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th.
About Fresh Del Monte Produce
Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.
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